Call reports 2008
GRAND VALLEY BANK — 2008
What GRAND VALLEY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 255,833,000 | 261,584,000 | 264,565,000 | 255,440,000 |
| Total loans | 135,391,000 | 143,442,000 | 141,084,000 | 133,493,000 |
| Allowance for loan losses | 1,661,000 | 1,934,000 | 2,034,000 | 2,211,000 |
| Securities available for sale | 100,752,000 | 95,459,000 | 99,973,000 | 99,340,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 234,592,000 | 241,226,000 | 244,375,000 | 233,187,000 |
| Interest-bearing deposits | 181,685,000 | 187,793,000 | 190,311,000 | 176,453,000 |
| Noninterest-bearing deposits | 52,907,000 | 53,433,000 | 54,064,000 | 56,734,000 |
| Equity capital | 19,631,000 | 19,416,000 | 19,183,000 | 20,890,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,940,000 | 7,890,000 | 11,811,000 | 16,070,000 |
| Interest expense | 1,320,000 | 2,341,000 | 3,311,000 | 4,208,000 |
| Net interest income | 2,620,000 | 5,549,000 | 8,500,000 | 11,862,000 |
| Noninterest income | 446,000 | 680,000 | 1,177,000 | 1,419,000 |
| Noninterest expense | 1,778,000 | 3,580,000 | 5,471,000 | 7,249,000 |
| Provision for loan losses | 617,000 | 967,000 | 1,068,000 | 1,247,000 |
| Pretax income | 671,000 | 1,682,000 | 2,327,000 | 3,974,000 |
| Income tax | 210,000 | 537,000 | 719,000 | 1,311,000 |
| Net income | 461,000 | 1,145,000 | 1,608,000 | 2,663,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,702,000 | 19,160,000 | 19,396,000 | 20,224,000 |
| Total capital | 20,563,000 | 21,251,000 | 21,409,000 | 22,153,000 |
| Risk-weighted assets | 162,313,000 | 167,209,000 | 160,841,000 | 155,956,000 |
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